Sabre Corp — Director's Dealing 2016

Mar 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sabre Corp (SABR)
CIK: 0001597033
Period of Report: 2016-03-02

Reporting Person: Silver Lake Group, L.L.C. (10% Owner)
Reporting Person: Silver Lake Technology Associates II, L.L.C. (10% Owner)
Reporting Person: SILVER LAKE PARTNERS II L P (10% Owner)
Reporting Person: Silver Lake Technology Investors II, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-02	Common Stock	S	8668053	$27.25	Disposed	30327094	Indirect
2016-03-02	Common Stock	J	308000	—	Disposed	30019094	Indirect

Footnotes

F1: Silver Lake Group, L.L.C. ("SLG") is the managing member of Silver Lake Technology Associates II, L.L.C. ("Associates II"), which is the general partner of (a) Silver Lake Partners II, L.P. ("Partners II"), which directly holds 24,020,857 shares of common stock ("Common Stock") of Sabre Corporation (the "Issuer"), and (b) Silver Lake Technology Investors II, L.P. ("Investors II"), which directly holds 96,897 shares of Common Stock.

F2: As the sole general partner of Partners II and Investors II, Associates II may be deemed to share voting and dispositive power with respect to the shares of Common Stock directly held by Partners II and Investors II. As the sole managing member of Associates II, SLG may be deemed to share voting and dispositive power with respect to the shares of Common Stock directly held by Partners II and Investors II.

F3: Associates II is a member of Sovereign Manager Co-Invest, LLC ("Sovereign Manager"), which is the managing member of Sovereign Co-Invest II, LLC ("Sovereign Co-Invest II"), which directly holds 6,209,340 shares of Common Stock. Sovereign Manager is managed by a management committee consisting of two managers, one of which is designated by Associates II. Because of the relationship among Sovereign Manager, Associates II and SLG, each of Associates II and SLG may be deemed to share voting and dispositive power with respect to the shares of Common Stock directly held by Sovereign Co-Invest II.

F4: Each of SLG, Associates II, Partners II and Investors II (collectively, the "Reporting Persons") disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.

F5: Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

F6: The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.